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Question
In 1977 the Carter administration successfully negotiated the Camp David Accords. How might a peace agreement between Egypt and Israel affect the U.S. economy?
Solution
VerifiedPeace between Israel and Egypt would help bring stability to the Middle East, potentially flattening the unstable price of oil exported out of the country. Egypt was not a member of OPEC (Organization of the Petroleum Exporting Countries), but its allies were. By fostering peace between the traditionally warring nations, Carter may have attempted to open up a new line of diplomatic communication in the region as part of his larger initiative to combat the energy crisis.
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